Posted on 08/12/2014 12:31:34 PM PDT by SeekAndFind
The share of unemployed Americans competing for each open job hit a six-year low in June, suggesting a labor market tightening that could give way to faster wage growth.
The Labor Department's monthly Job Openings and Labor Turnover Survey released on Tuesday gave an upbeat assessment of the job market that could sharpen the debate on the timing of the first interest rate increase from the Federal Reserve.
The number of unemployed job seekers per open job fell to 2.02 in June, the lowest level since April 2008. The ratio was at 2.14 in May and is now below the average from 2002 to 2006.
It reflects a jobs backdrop that continues to tighten on the supply side. There is not enough qualified supply out there to fill the job openings that exists," said Jacob Oubina, a senior U.S. Economist at RBC Capital Markets in New York.
Job openings, a measure of labor demand, increased to a seasonally adjusted 4.67 million in June, the highest level since February 2001.
(Excerpt) Read more at reuters.com ...
Screw the Job Market! I’m retiring!
Reuters. Figures.
More fun-with-numbers crap.
shovel ready jobs???
Wow!!! Right before the November elections. What a coincidence.
Get back to me when the government does not lie about the fact that these are mostly part-time, paper hat jobs.
read the report...ain’t all that...
A lot of temp jobs too. Companies are not taking on new headcounts.
Food Stamp Recipients Top 46 Million for 36th Straight Month
cnsnews ^ | Nov. 10, 2014 | Ali Meyer
Posted on 11/10/2014, 10:18:12 PM by PROCON
(CNSNews.com) - The number of beneficiaries on the Supplemental Nutrition Assistance Program—food stamps—has now topped 46,000,000 for 36 straight months, according to new data released by the Department of Agriculture (USDA).
From September 2011 through August 2014, the latest month for which data is available, the number of persons participating in the Supplemental Nutrition Assistance Program (SNAP) has exceeded 46 million.
http://www.freerepublic.com/focus/f-news/3225715/posts
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